Amanda Valdez’s practice focuses on energy, M&A and project finance. She is generally recognized as a leader in regulatory matters concerning Mexico's energy sector, and she is also very active in project finance transactions for a variety of industry sectors.
Amanda has been involved in a wide variety of matters relating to the Mexican energy sector, with special emphasis on regulatory affairs involving the natural gas and power industries. Her experience in the energy law field includes large border-crossing pipelines, gas distribution system, liquefied natural gas (LNG) projects, independent power production (IPP) projects, natural gas and power imports and exports, inside-the-fence power generation projects, renewable energy projects and government procurement deals with Pemex and Comisión Federal de Electricidad (CFE). In addition, she has actively participated in the new opportunities that the 2013 constitutional reforms have brought all across the Mexican energy sector. Her practice in these fields has included project finance aspects, regulatory issues, rate cases and corporate structuring.
Amanda has also participated in numerous financings, representing both lenders and borrowers, for the energy sector, the steel manufacturing sector, hotel and resort properties and real estate developments.
- Represented a Spanish company in connection with the development, permitting, financing and operation of one of the largest wind farms in Latin America, including negotiation of power purchasing agreements (PPAs) and regulatory work.
- Represented GE in a nuclear repowering bid called by CFE, and in the Agua Prieta solar and combined cycle power project.
- Representing a large Japanese company in its participation on IPP bids and on a wide variety of legal issues arising in connection with the operation and maintenance of the six IPP power plants in which they hold an interest.
- Assisting a large US renewable energy company in connection with the drafting, negotiation and execution of agreements to obtain real estate rights for the development of renewable energy projects in various areas of Mexico.
- Assisted a German company in connection with regulatory aspects of a small-production power generation project in Baja California.
- Assisted a German company in connection with the permitting and development of an inside-the-fence cogeneration project.
- Assisting a Mexican-American joint venture in connection with their participation in the long-term auctions called by Mexico’s ISO.
- Assisted a large engineering, procurement and construction (EPC) contractor in the negation and execution of EPC contracts for two wind farms in Nuevo León, Mexico, as well as a wind farm in Oaxaca, Mexico.
M&A in the energy industry
- Successfully represented the shareholders of a major drilling fluids company in the sale of the company and its subsidiaries to a major onshore and offshore oilfield services company.
- Represented a Japanese consortium in the partial sale of a participation in a Mexican power generation company.
- Represented a private investors’ group in the structuring and sale of its participation of an oilfield services company to a major Mexican business conglomerate.
- Played a major role as counsel in connection with the leveraged acquisition of a portfolio of five IPP power projects and a natural gas pipeline in Mexico, with an aggregate capacity of more than 2,200 MW. The transaction involved considerable financial, regulatory and transactional difficulties and hurdles, and closed for an amount exceeding US$1.4 billion. Assistance included the successful financing of the acquisition with international lenders, led by JBIC, for a US$750 million financing that included the structuring of very innovative schemes.
- Assisted a European renewables company in the due diligence and acquisition of three renewable energy power production farms in Mexico with in excess of 150 MW aggregate capacity.
Midstream and downstream
- Played an instrumental role in the implementation of a number of natural gas transportation pipeline projects in Mexico for more than 15 years. This has included providing highly specialized regulatory and structuring advice during the development and project execution stages, as well as during operation.
- Extensively participated in the negotiation of EPC contracts and operations and maintenance (O&M) Agreements) for pipelines and associated power facilities.
- Assisting gas marketing companies in developing business models and strategies to enter the Mexican market following the energy reform.
- Assisting a large industrial group in the negotiation and execution of gas supply and transportation contracts for the supply of natural gas to a 1,000 MW combined cycle power facility in Monterrey, Nuevo León.
- Represented a Spanish company in the financing of a 250 MW wind farm in La Ventosa, Oaxaca.
- Represented a Spanish company in the financing of three IPP wind power projects in Oaxaca with an aggregate capacity of 300 MW, including the negotiation and closing of a credit facility by BBVA Bancomer and Banobras for the Oaxaca III wind farm, and the issuance of project bonds in the New York market to finance the Oaxaca II and Oaxaca IV wind farms.
- Represented Ohana Real Estate in connection with the US$150 million financing granted by Goldman Sachs for the development of a luxury resort in Los Cabos.
- Represented Mitsui & Co. Ltd. and Tokyo Gas in connection with the leveraged acquisition of a portfolio of five IPP power projects and a natural gas pipeline in Mexico, formerly owned by Gas Natural, with an aggregate capacity of more than 2,200 MW. Assistance included the successful financing of the acquisition with international lenders, led by JBIC, for a US$750 million financing that included the structuring of very innovative schemes.
- Represented the lenders that provided financing to the consortium awarded with the Norte II IPP project.
- Represented the Bank of Tokyo Mitsubishi UFJ and JBIC in connection with a US$200 million financing to Tenigal, S. de R.L. de C.V., for its hot-dip galvanizing facility in Nuevo León.
- Representing the Bank of Tokyo Mitsubishi UFJ in connection with corporate financing arrangements to finance the development of new projects by a large Mexican midstream corporate group.
- Featured by Chambers Latin America 2015 (as well as prior editions) as a recognized leader in Mexico in Energy and for work in Projects
- Consistently featured for more than 15 years in Euromoney’s Guide to the World’s Leading Energy and Natural Resources Laywers
- Featured in Euromoney’s Guide to the World’s Leading Project Finance Lawyers, as well as in the Guide to the World’s Leading Women in Law
Amanda has co-authored several pieces on project finance and various topics of Mexican energy law in publications in the US and Europe.
Activities and Affiliations
- Mexican Bar Association
- International Bar Association